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Nov 26, 2012 5:00pm PST
slowly improving with the u.s. economy. >> it is not the highest error has been but as high as a was before the recession started. maybe now we are at a normal point. >> how much people spending the thanksgiving weekend can be an important indicator for the entire season. one- fifth of retail sales comes from holiday shopping. it is too soon to tell what this means for the overall economic picture. >> consumers are spending more than they did last year. it is good news but at the same time it is a small amount of total goods and services produced. it is a weekend of fact. is it a trend that will continue? if it continues next year it would suggest that we are getting out of this. we don't know that yet. >> the national retail federation is predicting $586 billion, up 4% from 2011. they may have to adjust the forecast once more is known about whether and not government leaders will be able to avert the fiscal cliff. >> taxes go up for everyone, less money to spend and you don't buy anything. >> one of the benefits of shopping on line is that you can do it from just about anyw
Nov 27, 2012 5:00pm PST
. it literally is a payback for a lot of families. to see the recovery it is good and helps our economy. if you have a home you tend to go to so go to retail stores and supply it with goodies. >> it looks like rent is going up again. >> yes that is really bad news. the people that have the highest unemployment have the highest hits and rent. it is going up another 4% in the bay area. it was going up as much as 15 to 17%. it is a slowdown for the bay area. it is a landlord market. i would not want to be a renter right now. mortgage rates are so incredibly well so is a good time to be a landlord and bad to be a renter. >> home prices here is really hard for people to save the kind of money for a down payment. these think we will get to a point where we can get into a home with less than 20 percent down soon? >> sanders will lighten up. they get tied and they get loose. they're probably too tight at this point in time so they should begin to loosen. 2013 i think you'll see a lot of private mortgages come back into the business. fannie mae and freddie mac will step back and let someone else take th
Search Results 0 to 1 of about 2